Idaho Strategic Resources (NYSEAMERICAN:IDR) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of €13.18 ($14.98) and traded as high as €18.08 ($20.55). Idaho Strategic Resources shares last traded at €17.13 ($19.47), with a volume of 470,000 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on IDR shares. Roth Mkm lifted their target price on Idaho Strategic Resources from $16.50 to $17.50 and gave the stock a “buy” rating in a report on Thursday, April 3rd. Roth Capital set a $17.50 price objective on Idaho Strategic Resources in a report on Thursday, April 3rd.

Idaho Strategic Resources Trading Down 4.1 %

The firm has a market capitalization of $234.00 million, a price-to-earnings ratio of 33.59 and a beta of 0.80. The business’s fifty day moving average is €14.14 and its 200 day moving average is €13.18. The company has a quick ratio of 5.15, a current ratio of 5.52 and a debt-to-equity ratio of 0.06.

Institutional Investors Weigh In On Idaho Strategic Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. WR Wealth Planners LLC boosted its stake in shares of Idaho Strategic Resources by 114.9% during the 4th quarter. WR Wealth Planners LLC now owns 8,430 shares of the company’s stock worth $86,000 after buying an additional 4,507 shares during the last quarter. Barclays PLC raised its holdings in Idaho Strategic Resources by 10,713.2% during the third quarter. Barclays PLC now owns 9,840 shares of the company’s stock worth $158,000 after acquiring an additional 9,749 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in Idaho Strategic Resources during the fourth quarter valued at approximately $131,000. NewEdge Advisors LLC grew its stake in Idaho Strategic Resources by 1,435.6% in the fourth quarter. NewEdge Advisors LLC now owns 14,634 shares of the company’s stock valued at $149,000 after purchasing an additional 13,681 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in shares of Idaho Strategic Resources during the 4th quarter worth approximately $150,000. Institutional investors and hedge funds own 8.70% of the company’s stock.

Idaho Strategic Resources Company Profile

Idaho Strategic Resources, Inc, a resource-based company, engages in exploring for, developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d'Alene Mining District of North Idaho. Its portfolio of mineral properties includes the Golden Chest Mine, a producing gold mine located in the Murray Gold Belt (MGB) of North Idaho; approximately 1,500 acres of patented mineral property and approximately 5,000 acres of nearby and adjacent un-patented mineral property located within the MGB; rare earth element projects located in the Idaho REE-Th Belt near Salmon, Idaho; and early-stage exploration properties in Central Idaho.